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Vance County Manager Jordan McMillen provided WIZS with the following summary of the Vance County Board of Commissioners’ special called meeting held Monday, June 15, 2020:
County Budget – The total general fund budget is $49,498,430, with $1,310,356 used from fund balance to balance the budget. The overall budget with all funds combined is $60.7 million. The budget includes no increase in the general fund property tax rate (remains at .89 cents), no increase in the fire tax rate (remains 8.9 cents), and a $5 increase in the solid waste household fee. Overall, the budget addresses the Board’s top priorities for the coming year while moving the county forward and maximizing county services with limited revenue growth.
Water District Budget – The total water district budget is $1,250,689, which includes a general fund transfer of $261,885. The budget holds the usage rate at 10.33 per $1,000 gallons. We currently have $1,338 active metered customers on the system and believe it will take 1,600 to 1,650 to break even assuming we do not take on any additional debt for the system.
Maria Parham Incentive – Maria Parham Health is in the process of adding a cardiac cath lab which will increase the tax value over $3.2 million and add over 25 jobs with an average wage of over $60,000. As a result of this, we have been discussing an economic development incentive agreement with Maria Parham for several months. We were unable to hold the necessary public hearings and approve the agreement last night due to restrictions that were previously in place related to COVID-19 and public hearings.
Eaton Johnson – The Board approved financing for the project and awarded the contract for the renovation of the former Eaton Johnson Middle School building to Danco Builders, who was the lowest qualified bidder. We will need approval of the financing from the Local Government Commission which meets on July 7, but after that, we will be finalizing contracts and work will begin for the 10-month project to renovate Eaton Johnson for use by DSS. The construction cost approved was $3,030,856.38 and the total project budget with engineering and other contingencies included is $4,531,662. We are hopeful for an August 1, 2020, start date which would put completion in April or May of next year.
Vance County’s approved budget documents and Capital Improvements Plan (CIP) can be viewed on the County’s Board of Commissioners website (click here).
